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GoviEx Uranium (CVE:GXU) Trading Down 3.8% - Time to Sell?

GoviEx Uranium logo with Energy background

Key Points

  • Shares of GoviEx Uranium Inc. (CVE:GXU) decreased by 3.8%, closing at C$0.05, with a significant drop in trading volume by 59% compared to the average.
  • The company has a market cap of C$51.10 million and a PE ratio of -5.00, indicating potential financial challenges.
  • GoviEx Uranium is primarily focused on the acquisition and development of uranium properties in Africa, with key projects in Niger, Zambia, and Mali.
  • Interested in GoviEx Uranium? Here are five stocks we like better.

GoviEx Uranium Inc. (CVE:GXU - Get Free Report)'s share price dropped 3.8% during mid-day trading on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 480,300 shares traded hands during trading, a decline of 59% from the average daily volume of 1,167,044 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The company's 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.06. The company has a market cap of C$51.10 million, a PE ratio of -5.00 and a beta of 1.82.

GoviEx Uranium Company Profile

(Get Free Report)

GoviEx Uranium Inc, a mineral resources company, engages in the acquisition, exploration, and development of uranium properties in Africa. The company's principal asset is the Madaouela project which holds 80% interest located in north-central Niger. It also owns 100% interest in the Muntanga project that consists of 3 mining licenses situated to the south of Lusaka, Zambia; and the Falea project, which consists of three exploration licenses located in Mali.

Further Reading

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